The innovative solution from the United Council of Ministers of India is perfectly compatible with mobile casinos, which makes it indispensable in the iGaming industry.
The certified UPI product can be ordered at CASEXE. We offer a quick launch and configuration of multifunctional software.
It was created under the leadership of NPCI for digital casinos and bookmakers’ offices. The service combines several settlement methods, which significantly speed up and simplify the process of conducting transactions.
UPI is designed to automate bank transfers. Popular widgets from the State Bank of India, Bank of Baroda, and Paytm Payment Bank are integrated into a unified mobile app. Clients simply indicate the sender and recipient, and the rest of the details are entered automatically. It is quite convenient, fast, and safe.
The system was presented in 2016 as a pilot project for the Indian banking system. Over the past 8 years, the product has received rave reviews far outside the country.
The installation of the service is available in 16 promising markets, including:
The proprietary solution is also successfully operating in the EU industry, given the demand for casino entertainment in many European states. The reception of funds is carried out within the framework of an international agreement on cross-border transfers.
At the beginning of 2023, the integration of the system was supported by 358 banks. The monthly volume is 6.7 billion transactions with a total value of $140 billion. In addition to the gaming niche, the product is used in healthcare, tourism, real estate, and other sectors of the economy.
The main steps that need to be taken are:
It is a unique user identifier of the mobile platform, which allows people to quickly connect the provider’s service.
Each sole proprietor or legal entity has its code, which consists of 4 –6 digits. It is forbidden to transfer a combination of numbers to a third party since access passwords and other confidential data can be stolen in this way.
The procedure consists of several steps:
This is an additional secret password with the help of which customers can confirm the operation in the system. The PIN stores the converted and encrypted banking details of clients. M-PIN is used to approve or reject a transaction.
How to generate M-PIN:
Users must come up with the M-PIN, so the numbers should be written down immediately and not transferred to third parties.
Integration of a casino with the vendor’s system supports the deposition of funds into an account, withdrawal of bonuses and prizes, and settlements with B2B partners (hosting providers, software vendors, and affiliates).
Entrepreneurs and gamblers are offered such money transfer options as:
By mobile phone number
Transactions are carried out between 2 numbers tied to the bank cards of the sender and the recipient.
Users need to choose a contact from their phone book (or enter the number manually), select the amount of the transaction, and enter the PIN code. After that, a payment form will appear on the screen. The next step is to indicate the M-PIN and confirm the transfer
Via a QR code
The integration of the casino with the company’s gateway offers fast one-touch transfers using the special code.
Clients need to open the mobile app, click on the Pay button, and select the QR Code option. A virtual scanner of QR icons will open on the screen, using which it will be possible to quickly transfer funds to anywhere in the world
To exchange money, it is essential to know the recipient's unique UPI identifier. Operators should enter a combination of numbers in the selected column, and confirm the payment using a 4-digit M-PIN code. Then, the winnings will be instantly credited to the account of a particular player
Using SWIFT or IFSC number
The provider’s gateway supports cross-border transfers. To send funds abroad directly to a bank account, it is necessary to specify the SWIFT code. Money is received within 5–10 minutes and is converted at the rate of the National Bank of the recipient's country.
The IFSC classifier is used instead of SWIFT when settlements are made within India (for example, between its 2 states)
Key benefits of the software:
The UPI 2.0 program was created by several of India's leading banks under the auspices of the NPCI. The final version of the product was presented in August 2018 but some important features of the software will be added only at the end of 2023.
The manufacturer promises to install the UPI One World option. The solution simplifies transfers to foreign cards of G20 banks. Users registered in the system can make payments in any country from the Group of 20 (the USA, the UK, France, Australia, Italy, etc.), receive a favourable currency conversion rate, and collect points as part of a branded loyalty program.
Why it is worth launching the UPI 2.0 system:
Enhanced security of transactions
The software contains a biometric authentication function. It includes fingerprint-matching technology and an iris scanner. Thus, the online gambling platform is better protected against fraudsters who try to gain an advantage by creating multiple accounts.
UPI 2.0 also comes with a transaction speed controller. In the case of a sharp increase in money traffic, the system automatically reduces the speed of exchange transactions to carefully check all settlements
The system verifies and approves transactions even if the phone number is associated with another bank account but not with a UPI profile. In the previous version, the phone numbers for UPI and the bank cards (plastic or virtual) had to be identical.
UPI 2.0 also includes the UPI Lite function. With its help, transfers via QR codes can be made even in the absence of an internet connection
Convenient control over transfers
Pre-authorisation of transactions has been added to the service. Managers can issue invoices in advance, and the funds are debited in the previously set time.
This approach allows entrepreneurs to better control their expenditures (on hosting services, software rental, and payment of salaries to staff) and spend money more efficiently
This program supports convenient transactions in the iGaming niche.
The brand’s financial gateway can be ordered at the CASEXE studio. You can buy the program as a separate product or as part of an iGaming project.
We also provide the following profitable gambling solutions:
If you have any questions, our managers will answer them.
Check the information used to contact us carefully. It is necessary for your safety. Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.
Be careful! Our team is not responsible for the activities of persons using similar contact details.